Global service company, American Express Company(
AXP ) on Thursday reported higher earnings for
their third quarter.

The New York based company announced that their third quarter
revenue increased by 4 percent from $7.57 billion to $7.87 billion,
and their net income rose by one percent.

The company reported profit of $1.25 billion, or $1.09 a share,
compared with $1.24, or $1.03 a share from last year's third
quarter. Analysts had predicted sales of $7.9 billion, or $1.09 per
share.

The increase in revenue is a result of lower expenses and
increased credit card spending by their customers. Spending by the
company's customers increased by 8% during the July to September
period, compared to same period of time last year. Global spending
increased by 6%.

American Express shares were down 67 cents, or 1.13% during
premarket trading Thursday.

The Bottom Line

American Express Company( AXP ) is not
recommended at this time, holding a Dividend.com DARS™ Rating of
3.4 out of 5 stars.